FX.co ★ AUD/USD

AUDUSD: Н1 Chart. The ZUP indicator continues to signal a possible continuation of the price movement after working on the bearish Bearish .382*AB=CD pattern. However, both stochastic indicators are more likely providing information about a continuation of the movement to the north. If the price moves above the resistance levels H1 Res C: 0.66954 and H4 Res C: 0.66993 from the current values, the next upward target could be the resistance level W1 Res C: 0.67175. If the price rises above the level of 0.67273 in its upward movement, the chart pattern is likely to change. If the price drops from the current values, the nearest target is the support level D1 Sup C: 0.6672. In case the decline continues below this support level, the downside targets could be the Fibonacci level 61.8: 0.6647, or the MA504 level, which is currently slightly above the Fibonacci level 61.8. If the decline persists below the MA504, the probability of a decline to the Fibonacci levels 76.4: 0.66250 and 85.4: 0.66129 increases. And if the price, after reaching these Fibonacci levels, continues to decline, the next nearest downside target is the Fibonacci level 100.0: 0.65932.